535 Newbury Street

$4,660,000

8 Beds 7 Baths 4,594 Sq.Ft.

Description

Very rare opportunity to purchase a gut renovation six-family rowhouse, fully leased and 100% turn key! Construction was recently completed and included new windows, central HVAC with air conditioning in each unit, new plumbing, new electrical and designer finishes throughout. Highlights include chef's kitchens with quartz counters, professional style Fisher & Paykel appliances, gas cooking, contemporary cabinetry, designer baths with large format floor and wall tiles, hardwood flooring, custom closets and in-unit laundry. The buildings common areas are redone while retaining original details including stained and leaded glass. Superior life safety with sprinkler and fire alarm systems. 3 car surface parking accessed from the rear alley. All units are leased through mid 2023 with gross income eclipsing $264,000 annually. Pro-Forma Available.

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Location

535 Newbury Street, Boston, MA 02115

Status

Sold

Property Amenities

Interior

Kitchen Unit 1(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Unit 3(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Unit 4(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Utility Connections for Gas Range, Utility Connections for Electric Dryer

Laundry room Washer Hookup

Flooring Tile, Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)

Total Bedrooms: 8

Full Bathrooms: 7

Other Interior Features Unit 1(Stone/Granite/Solid Counters), Unit 2(Stone/Granite/Solid Counters), Unit 3(Stone/Granite/Solid Counters), Unit 4(Stone/Granite/Solid Counters), Unit 1 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 2 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 3 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 4 Rooms(Kitchen, Living RM/Dining RM Combo)

Area & Lot

Lot Area 1,742.4 Sq.Ft.

Living area 4,594 Sq.Ft.

MLS® ID 73041752

Year Built 1904

Type Multi-Family

Status Sold

Exterior

Stories 12

Air conditioning Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air), Unit 4(Central Air)

Heat type Unit 1(Forced Air, Gas), Unit 2(Forced Air, Gas), Unit 3(Forced Air, Gas), Unit 4(Forced Air, Gas)

Water Source Public

Sewer Public Sewer

Parking Off Street

Lot Features Zero Lot Line

Roof Rubber

Utilities for Gas Range, for Electric Dryer, Washer Hookup

Finance

Sales Price $4,660,000

Real Estate Tax $15,434 yearly

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The Residential Group at William Raveis Real Estate is a team of experienced agents, specializing in the sale of urban dwellings and new construction/renovation properties in Metropolitan Boston. They are consistently ranked among the top sales teams at William Raveis Real Estate and top teams in all of Massachusetts.

$4,660,000